Insider Buying: Presurance (NASDAQ:PRHI) CEO Purchases 7,500 Shares of Company Stock

Presurance Holdings, Inc. (NASDAQ:PRHI) CEO Brian Roney acquired 7,500 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of $6.75 per share, for a total transaction of $50,625.00. Following the acquisition, the chief executive officer owned 80,390 shares of the company’s stock, valued at approximately $542,632.50. The trade was a 10.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Presurance Stock Performance

Shares of Presurance stock traded up $0.53 on Thursday, hitting $6.92. The stock had a trading volume of 26,535 shares, compared to its average volume of 14,877. The stock has a market cap of $25.95 million, a price-to-earnings ratio of -0.68 and a beta of 0.98. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. Presurance Holdings, Inc. has a 52-week low of $3.36 and a 52-week high of $19.81. The company’s 50 day moving average price is $6.61 and its 200 day moving average price is $5.48.

Presurance (NASDAQ:PRHI) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $9.14 million for the quarter. Presurance had a negative return on equity of 89.12% and a negative net margin of 49.56%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Presurance from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $7.00.

Presurance Company Profile

Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.